ᐅ A Small Joy in Owning Your Home

Created on: 16 Nov 2015 21:34
D
Dorfweib18
Hello!
To start with, I have no experience in house construction, renovations, or remodeling, but I would like to gather some information about an idea that suddenly came to my mind. There is a tiny house just a few streets away, really small (approximately 5 meters (16 feet) wide and 10 meters (33 feet) long). Unfortunately, it is old, rundown, currently unoccupied, and possibly being used as a storage shed. It would be great to rebuild or renovate it.

Apart from the interior fittings, much would probably need to be done, starting with water supply for the bathroom and kitchen, heating, and electricity. However, I believe electricity is already installed. Also, some work might be necessary on the floors, walls, and ceilings of the rooms, and maybe some partition walls could be added along with one or two new windows.

Could you tell me if it would be worth it? And what you estimate the costs might be, roughly?
I have attached a photo of the house.

Best regards,
Dorfweib18

Exterior view of an old house with red tiled roof, tree and fence
arubau3617 Nov 2015 08:27
Hi,
when buying a used house, always budget an additional 40% of the purchase price for renovations. That’s just an average to start with. If the purchase price is very low, it’s probably mainly for the land, since the house itself might be nearly worthless. And why does a big plot always have to come with a big house? A small house can be just as nice. Many forget that we get older and may not be able to manage everything. So, first check (dorfweib 18) what all the costs would be—price, materials, additional purchase costs, etc.